Post-election prognostication | Visa


Post-election prognostication

Near-term GDP growth expected to be stronger.

See real gross domestic product description.
A bar chart showing seasonally adjusted real gross domestic product, with compound annual growth ranging from 2.9% in March 2019 to -31.4% in June 2020, and forecast to reach 4.5% in December 2020, 3% in December 2021, and 3% in December 2022. Year-over-year growth ranged from 2.3% to -9% between March 2019 and June 2020, and is expected to finish 2020, 2021 and 2022 at -2.4%, 3.1% and 2.9%, respectively.
See real federal government spending and investment description.
A bar chart showing seasonally adjusted real federal government spending and investment with compound annual growth ranging from 1.3% in March 2019 to 16.4% in June 2020 and -6.2% in September 2020. It is forecast to reach 6.2% in December 2020, 3.5% in December 2021, and 4.1% in December 2022. Year-over-year growth ranged from 2.8% to 6.5% between March 2019 and June 2020, and is expected to finish 2020, 2021 and 2022 at 4.2%, 3.7% and 4%, respectively.